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    1315 1St Ave Newton, IA 50208

    Sponsored
    For Sale
    $600,000

    5.35 Acres, Prime Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.35-acre commercial land parcel presents a unique investment opportunity in Newton, Iowa. Located at 1315 1st Ave E, this property boasts a highly desirable C-A zoning designation, opening doors to a wide range of commercial development possibilities. The expansive lot size offers significant potential for various projects, from retail spaces and office buildings to light industrial uses. With a land value of $3.20 per square foot, this property represents a compelling value proposition in a thriving market. The property's address is 1315 1st Ave E, Newton, IA 50208, and its location within Jasper County provides easy access to major transportation routes and essential amenities. The assessed parcel number (APN) is 0835151005. This is a rare chance to acquire a substantial piece of commercial real estate in a growing community. The asking price for this prime commercial land is $600,000. Serious inquiries are encouraged to explore the full potential of this exceptional investment opportunity. Don't miss out on the chance to secure this valuable asset in a strategic location. The property is ready for development and offers significant upside potential for the discerning investor.

    Property Features for 1315 1St Ave

    General Information

    Property type
    Land
    Lot Size
    233,046 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Jasper
    State
    Iowa
    Longitude
    -93.035995
    Latitude
    41.6988569

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    FAQs

    What type of property is this?
    Land - 5.35 Acres, Prime Commercial Zoning
    Where is this land located?
    The property is located at 1315 1St Ave Newton, IA.
    What is the asking price?
    The asking price for this property is $600,000.
    (641) 521-3378
    Request Owner's contact information
    1315 1St Ave Newton, IA 50208
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    Newton, IA 50208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1315 1St Ave Newton, IA 50208
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